French mineral water group, Perrier Vittel SA, part of the Nestle group, has made an offer to buy the outstanding shares in the Hungarian mineral water company, Kekkuti Asvanyviz Rt. Perrier has offered to buy the shares it does not already own in the group at $10.906 per share which values the entire company at $25.99m.

The company currently controls 87.15% of Kekkuti and under Hungarian law, if it reaches 90%, it has the right to purchase the remaining shares. The buyout offer is open for 30 days.